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Londinia Opportunities Analyses - 01/02/2025 (GMT) EUR/HKD - 1H

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EUR HKD
- HKD (-)
- Real time data - Forex
Type: Forex
Ticker: EURHKD
ISIN:

Londinia
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
  • FX/Indices
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 8.0384 HKD
My targets
8.0097 HKD (-0.0169)
7.9500 HKD (-0.0766)
My analysis
The bearish trend is currently very strong for EUR/HKD. As long as the price remains below the resistance at 8.0384 HKD, you could try to take advantage of the bearish rally. The first bearish objective is located at 8.0097 HKD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7.9500 HKD as an objective. Crossing it would then enable sellers to target 7.5318 HKD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
8.4

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Additional analysis

Quotes

The EUR/HKD price is 8.0266 HKD. The price is lower by -0.18% since the last closing and was traded between 8.0219 HKD and 8.0660 HKD over the period. The price is currently at +0.06% from its lowest and -0.49% from its highest.

8.0219
8.0660
8.0266

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly


New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of EUR/HKD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour



Technical indicators are strongly bearish, suggesting that the price decline is expected to continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 7.5318 7.9500 8.0266 8.0384 8.0537 8.0700
Change (%) -6.16% -0.95% - +0.15% +0.34% +0.54%
Change -0.4948 -0.0766 - +0.0118 +0.0271 +0.0434
Level Major Minor - Intermediate Minor Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.02778.03308.03718.04248.04658.05188.0559
Camarilla8.03858.03948.04028.04118.04208.04288.0437
Woodie8.02708.03278.03648.04218.04588.05158.0552
Fibonacci8.03308.03668.03888.04248.04608.04828.0518


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.00978.03748.06528.09298.12078.14848.1762
Camarilla8.07788.08298.08808.09318.09828.10338.1084
Woodie8.00998.03748.06548.09298.12098.14848.1764
Fibonacci8.03748.05868.07178.09298.11418.12728.1484


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.72917.88217.96238.11538.19558.34858.4287
Camarilla7.97847.99988.02118.04258.06398.08538.1066
Woodie7.69277.86397.92598.09718.15918.33038.3923
Fibonacci7.88217.97128.02628.11538.20448.25948.3485

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 33.48
MACD (12,26,9): -0.0043
Directional Movement: -17.8894
AROON (14): -42.8571
DEMA (21): 8.0435
Parabolic SAR (0,02-0,02-0,2): 8.0636
Elder Ray (13): -0.0198
Super Trend (3,10): 8.0624
Zig ZAG (10): 8.0330
VORTEX (21): 0.9084
Stochastique (14,3,5): 25.19
TEMA (21): 8.0454
Williams %R (14): -71.20
Chande Momentum Oscillator (20): -0.0057
Repulse (5,40,3): -0.1529
ROCnROLL: 2
TRIX (15,9): -0.0047
Courbe Coppock: 0.08
MA7: 8.0655
MA20: 8.1202
MA50: 8.2199
MA100: 8.4079
MAexp7: 8.0431
MAexp20: 8.0485
MAexp50: 8.0579
MAexp100: 8.0675
Price / MA7: -0.48%
Price / MA20: -1.15%
Price / MA50: -2.35%
Price / MA100: -4.54%
Price / MAexp7: -0.21%
Price / MAexp20: -0.27%
Price / MAexp50: -0.39%
Price / MAexp100: -0.51%

Quotes : - Real time data - Forex